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Wall Street ChadsWall Street Chadsby0xFD26B339ffCa5CE57d63f0445AB420c6dc1ae0A60xFD26…e0A6

WSC Trading Reports

Voting ended almost 4 years agoSucceeded

In short: we sell "stock pick" reports for crypto and NFT’s.

Most of us have seen the investment proposals that come through the Corponet.

For the most part, they are exceptionally well researched and written, and provide a lot of value to the corp. Whether or not a given proposal is acted on, many are worthy of investment, to the point where many WSC holders are making those very investments with their own personal money.

So that information is valuable, and I propose we sell that information, along with more valuable information we create specifically for this project.

The concept is proven in the fiat/stocks world with products like Motley Fool (https://fool.com). Users pay an annual subscription and receive a number of reports at certain time intervals (depending on their tier), telling them what they believe are good investments and why.

There have been forays into similar products in the crypto world with projects like Mythia (https://www.mythia.com/) - a suite of investment tools and reports for NFTs, paid for by purchasing a Mythia NFT.

The beauty of WSC selling a report like this is that we already have a lot of the required content through our investment proposals. They just sit there in Corponet un-monetised when they could be generating a new revenue stream.

We would need to templatise the format that proposals are submitted in so they work well as reports (I believe there’s discussion about this happening in Discord), and someone would need to collate the report and be responsible for uploading it to a website and/or email server (depending on how we choose to deliver it), but these are easy enough to overcome or workaround and I could take this on.

Another big plus is that it’s (in theory) infinitely scalable. We can sell as many subscriptions to the reports as we want. Now, it may make sense to limit access in some way to increase desirability, but the option is there - nothing is diluted if scaled.

The model: we sell subscriptions to the reports for various time frames in ETH (something along the lines of 3 months for 0.05 ETH, 6 months for 0.09 ETH, 12 months for 0.15 ETH - although I've just made this up on the spot), and subscribers get two detailed reports per month. NFT Scoring run this kind of model for their set of tools and it seems to work well: https://premium.nftscoring.com/pricing

How would this be split in terms of what ends up in the treasury?

I’m open to discussion on this, but my thoughts are we pay upfront for devs to build the infrastructure we need. It's quite minimal - essentially it’s a basic website with CMS and a crypto payment gateway, and I have experience building this kind of thing on a tight budget as a product manager. If we pay for everything upfront, that allows us to send 100% of the proceeds to the WSC treasury, without any royalties etc.

If we sell 100 x 12 month reports, that's 15 ETH (~$50k) for the treasury. That's accounting for a low ball price, and we should be able to sell many more than 100 of these as our rep grows.

Here are some questions I can foresee coming up, and keen to chat about this in Discord:

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Questions:

  • Why wouldn't someone just buy a WSC NFT and access our investment proposals?

Simplicity. The WSC Trading Reports would be concise, well formatted, clearly written, and easily delivered to subscribers once every two weeks (two reports per month) via email and/or website. We would also create reports that don’t exist as proposals in Corponet, specifically for these reports.

  • A lot of information about crypto investments exists online for free - why would they pay for this?

The same reason people buy Motley Fool reports when stock picks already exist online. Easy to digest format delivered to your inbox/website, researched and written by credible people, with well thought out reasoning included in the report to help you make a decision in the easiest way possible. Convenience. Credibility.

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Very keen to hear what everyone thinks of this.

Off-Chain Vote

For
93 WSC24%
Against
189 WSC48.8%
Abstain
105 WSC27.1%
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Timeline

Apr 08, 2022Proposal created
Apr 08, 2022Proposal vote started
Apr 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated